Statistics Canada says the annual inflation rate slowed to 3.8 per cent in September as prices year-over-year rose more slowly across the economy.
While that does not mean prices are falling, it does mean they are not rising as rapidly as rapidly as they were last month, experts say.
The report shows consumers paid significantly less for airfare compared with a year ago, while prices for durable goods also fell. In its latest consumer price index, the agency notes fresh fruit, fish and edible oils and fats fueled the rise in grocery prices, with edible oils and fats rising 14.8 per cent.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's a list of September inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was 3.8 per cent in September, Statistics Canada says.
Read more »
Statistics Canada set to release inflation report for SeptemberProgress on getting the inflation rate down has stalled in recent months as underlying price pressures remain broad in the economy.
Read more »
Statistics Canada to release September inflation reading this morningStatistics Canada is set to release its September inflation reading this morning. Progress on getting inflation down has stalled in recent months as underlying price pressures remain broad in the economy.
Read more »
Statistics Canada to release September inflation reading this morningStatistics Canada is set to release its September inflation reading this morning.
Read more »
Manufacturing sales, wholesale trade climb in August: Statistics CanadaOTTAWA — Two key indicators of the economy climbed in August as Statistics Canada says manufacturing sales rose 0.7 per cent to $72.4 billion that month...
Read more »